SBI MF introduces Silver ETF
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SBI Mutual Fund (MF) has launched SBI Silver ETF, an open-ended Exchange Traded Fund tracking price of silver. The NFO opens for subscription on June 24, 2024 and closes on June 27, 2024. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked against domestic price of silver (based on London Bullion Market association (LBMA) Silver daily spot fixing price) and its fund manager is Vandna Soni.
The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error.
